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UK inflation turns negative for first time since 1960

Britain's annual inflation rate fell to minus 0.1 percent in AprilBritish inflation sank into negative territory last month for the first time in more than half a century, official data showed Tuesday, sparking fears of deflation or prolonged falling prices. An experimental data series created by the ONS indicated that CPI was last negative in March 1960, when it stood at minus 0.6 percent. The Consumer Prices Index (CPI) fell by 0.1 percent in the year to April compared with no change in the 12 months to March, the ONS added.

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